UDM Law announces tuition freeze for 2015-16

UDM Law announces tuition freeze for 2015-16

  • UDM Board of Trustees approves tuition freeze for all current and incoming Law students
  • Press Release
  • Apply Now

HANDS-ON LEARNING FROM DAY ONE

HANDS-ON LEARNING FROM DAY ONE

  • * A legal writing program that starts in the first year and continues through the upper level courses.
  • * A clinical program that entitles every student to the opportunity to represent a live client.
  • * A unique law firm program that allows students to engage in simulated cases and transactions in specific practice areas.

DEDICATED TO SOCIAL JUSTICE

DEDICATED TO SOCIAL JUSTICE

  • * Committed to developing lawyers who serve the public good
  • * Committed to serving the Detroit community
  • * Founded on Jesuit and Mercy principles of service and the success of each individual

Study Internationally

Study Internationally

  • * Dual degree program with the University of Windsor
  • * Extensive international law and comparative law courses
  • * Established relationship with Universite d"Auvergne in Clermont-Ferrand, France

EXPAND YOUR CAREER OPPORTUNITIES

EXPAND YOUR CAREER OPPORTUNITIES

  • * Downtown Detroit Location provides proximity to courts and employers
  • * Strong Alumni Network dedicated to supporting UDM graduates
  • * ability to pursue a concentration in Immigration Law

Frontpage Slideshow | Copyright © 2006-2011 JoomlaWorks Ltd.

BAR STUDY LOANS

Bar study loans are private alternative loans through a bank or other lending agency.  These loans are designed to assist students to cover costs of bar exam fees, bar review courses, travel to the location of the bar exam, and living expenses while studying for the bar exam.

Being private loans, each bar loan will have its own terms. Lenders will evaluate a student’s application based on the student’s credit rating and other criteria.  Most if not all of these loans will have a variable interest rate with no cap on the interest amount; a limited number of years for repayment with few or no deferment or forbearance provisions; and no cancellation for death or disability.  Bar loans may also have an origination fee which is deducted from the proceeds when a student receives a disbursement and/or a fee that is added to the loan balance at repayment.  Bar loans are not federal loans nor are they federally guaranteed, which means that there are no special programs like income-based repayment or loan forgiveness, and few if any options for consolidation or interest-rate reductions.

Most lenders require a credit score of at least 650 to 700 to approve a student’s bar loan application.  Lenders are generally more concerned about a student’s payment history than debt-to-income ratio as lenders are aware that most students are not working full time while in school.  However, there are lenders that will not lend to students with total debt over certain limits. 

Students who do not qualify for a bar loan on their own may be able to apply for funds with a co-signer.  This will usually result in the student being charged the highest interest rate and fees at which the lender will still fund loans.  Students who do qualify on their own might want to ask the lender if they could receive better terms (interest rates and fees) with a creditworthy co-signer. 

Bar loans generally have a lifetime maximum limit of $10,000 to $15,000.  Most lenders will not accept an application from a student who has already obtained a bar loan from another lender.

Some lenders will allow a student to borrow a loan but receive funds in up to four disbursements in order to meet the student’s needs without accruing interest on the undisbursed amounts of the loan.  This saves the student money and gives the student the opportunity to delay, reduce or cancel later disbursements without penalty if those funds are not needed.

Students who need assistance with the costs of registering for the bar exam would be better to request a re-evaluation of their federal loans once they have documented the cost and the registration.  Federal loans may be awarded for the first bar exam fees only.  Generally the loan that the student receives is the Federal Graduate PLUS loan. 

Just a note about interest rates—

A Bar or other private alternative student loan will almost universally carry a variable interest rate that is based on two parts:  a standard index, such as Prime Rate or LIBOR (London Interbank Offered Rate), which are rates at which banks can borrow; plus a margin which allows the lender to make a profit. The standard indices are now at extremely low levels—LIBOR under .6 percent and Prime around 3.25%.  Because these are so low and banks are much more risk-averse since 2008, interest rates are similar to those from 2008 or earlier – or between about 7.5 and 14%.  This means the margins have increased significantly since 2008 when LIBOR was running around 4.5% to 5% and Prime was around 7-8%.  Should Prime and LIBOR increase significantly, so will the interest rate on these student loans and there is no “cap” or limit on the interest rate or the monthly payment amount the bank charges based upon their formula.  Thus, a student who signs a promissory note specifying an interest rate of LIBOR plus 7% may have a 7.5% interest rate now, but if LIBOR returns to pre-2008 rates, a student could easily have a 12% interest rate in a few years. It is important that students read all the terms and conditions on the promissory note before accepting funds from the lender as origination fees may still be charged on loans that are disbursed and then returned.

University of Detroit Mercy does not have a preferred lender list for Bar Loan lenders so students may want to do an internet search of banks and other lenders that provide these loans.

EVENTS


April 1, 2015: Walk-in Wednesday - UDM Law Campus

Wednesday, April 1, 2015 - 2:00 pm

Join us for Walk-in Wednesdays. The Admissions Office extends its office hours for students who are interested in learning more about the UDM Law advantage, the application process, and law school in general. No appointment is necessary.


Application and Personal Statement Webinar - Online Webinar

Tuesday, April 7, 2015 - 6:00 pm

Learn what the UDM Law Admissions Committee is looking for in an application for admission, including the personal statement.

Participants will receive a link to the webinar in their confirmation email.


June 18, 2015: Prospective Student Open House - UDM Law Campus

Thursday, June 18, 2015 - 5:00 pm

Find out why men and women have been choosing UDM Law for over 100 years for their legal education.  Learn how UDM Law not only teaches you the law, but teaches you how to be a lawyer.  Through your education here, you will become a lawyer who makes a difference in your workplace and your community.  

Attendees will have the opportunity to tour the campus and speak with admissions representatives, faculty, and current students.  

NEWS

  • UDM LAW PARTNERS WITH THE JESUIT REFUGEE SERVICE/USA TO ADDRESS CHALLENGES FACED BY CHILD MIGRANTS AND THEIR FAMILIES ENTERING THE U.S.

    Detroit Mercy Law has joined with many other Jesuit law schools to forge a partnership with the Jesuit Refugee Service/USA to address the challenges faced by child migrants and their families when they enter the United States.  Law school deans and Immigration Clinic professors met for the first time in January to collaborate on this initiative rooted in the Catholic tradition of welcoming the stranger.  Through this partnership, law students will help advance the legal, social, and cultural protection of migrants and others seeking refuge in the U.S.

    Press Release, Legal, Social, and Cultural Protection of Child Migrants, March 14, 2015

  • UDM LAW ALUMNUS SUZANNE WILHELM NAMED NEW DEAN OF COLLEGE OF SAINT ROSE HUETHER SCHOOL OF BUSINESS IN ALBANY

    UDM Law alumnus Suzanne Wilhelm has been named the new Dean of the College of Saint Rose Huether School of Business in Albany, New York, effective July 1, 2015.  Dr. Wilhelm comes to Saint Rose from Fort Lewis College in Colorado, where she has served as Associate Dean and Professor of Law in the School of Business Administration.  In her new capacity, Dr. Wilhelm will oversee the College's business programs leading to bachelor's degrees in business administration, accounting, economics, entrepreneurship, marketing, management and human resource management and master's degrees in business administration and accounting.

    College of Saint Rose Press Release

  • CHARITY DEAN (3L) AND JEFF MATIS ('94) SELECTED AS MICHIGAN POLITICAL LEADERSHIP PROGRAM FELLOWS

    UDM Law 3L evening student Charity Dean and alumnus Jeffery Matis ('94) have been selected as Michigan Political Leadership Program Fellows.  The prestigious MPLP was founded in 1992 to expand training opportunities for people of all political backgrounds at every level of public service.

    Ms. Dean is currently the Community Relations Manager for the Detroit Land Bank Authority, and, among her many activities, she is Vice President of the Black Law Students Association.  Mr. Matis is an attorney with Garan Lucow Miller, PC, based in the Troy office.  He was a Councilman for the City of Rochester (November 2007 - January 2011), and he has served as Vice Chairman of the Oakland County Board of Commissioners since January 2011.

    Press Release - Michigan Political Leadership Program Welcomes Class of 2015

  • PROFESSOR LACOMBE COMMENTS ON IMMIGRATION REFORMS FOR HIGHLY-SKILLED FOREIGN WORKERS AND THEIR SPOUSES

    The Department of Homeland Security announced recently that it would allow 180,000 spouses of highly-skilled foreign employees to also apply for employment authorizations. After this year, it is estimated that approximately 55,000 spouses annually can do the same.

    According to UDM Law Adjunct Professor Alexandra LaCombe, "The next non-political step in immigration reform to benefit our nation is to quickly reduce the wait time for highly-skilled foreign workers who are employed here, but can’t get permanent residence for sometimes more than 10 years. . . .  Processing permanent status applications faster will make the U.S. more attractive to the workers we want and need to retain, rather than force them to keep eyes on other countries that may offer better options." 

    Professor LaCombe is a managing partner and attorney at Fragomen, Del Rey, Bernsen and Loewy in Troy and teaches Immigration Law in UDM's innovative Law Firm Program.

    Reducing wait time for STEM workers’ Green Cards is next step in immigration reform, March 4, 2015, Daily Tribune  (by UDM Law Adjunct Professor Alexandra LaCombe)

  • MI STATE BAR FOUNDATION GRANT PROVIDES FOR EXPANSION OF UDM LAW SOLO & SMALL FIRM INCUBATOR PROGRAM TO ADD SERVICES FOR SENIOR CITIZENS

    The Michigan State Bar Foundation has awarded University of Detroit Mercy School of Law a $10,000 grant to expand its Solo and Small Firm Incubator Program to include services to senior citizens in Wayne, Oakland, and Macomb counties.  The incubator program is designed to provide a supportive environment for select new law graduates who are committed to beginning a solo or small firm practice serving low and moderate-income individuals.  Through this expansion, the incubator attorneys will begin providing free services to seniors, including educating them on their legal rights, self-help assistance with legal matters, and appropriate referral sources.  The incubator program was established in October of 2014 with one of only seven catalyst grants awarded to law establishments across the country from the American Bar Association.

  • DUAL JD STUDENT CHRISTOPHER MACAULAY TAKES TOP HONORS IN NIAGARA INTERNATIONAL MOOT COURT COMPETITION

    Dual JD student Christopher Macaulay competed in the 2015 Niagara International Moot Court Competition in Washington, D.C., as a member of the University of Windsor team.  The team placed first overall in the competition, Christopher won Fourth Best Advocate, and the team won awards for Best Team Applicant Argument Runner-Up and Best Team Applicant Memorial (tied for first place).  The problem dealt with immigration, human rights, and Great Lakes environmental law issues.